UKIP’s descent into ‘full-blown insanity’ could cost it funding, says major donor

UKIP has descended into “full-blown insanity,” warns insurance tycoon Arron Banks, who has donated more than £1 million to the party, as he threatened to withhold further cash amid ongoing uncertainty over the its future.

The frontrunner in the leadership contest, Steven Woolfe MEP, left the party on Monday, calling UKIP “rotten at heart.” Woolfe, Banks’ preferred candidate, had been hospitalized for three days earlier this month after an altercation with another UKIP MEP in Strasbourg.